INT Media Group agrees to acquire assets from Jupiter Research.

INT Media Group (Darien, CT), a provider of online news, information and media resources for Internet industry and information technology professionals, has agreed to acquire the assets of the Jupiter Research and Events businesses from Jupiter Media Metrix (JMM; New York) for $250,000 in cash and the assumption of liabilities. The deal is expected to close by the end of July and is subject to approval from JMM shareholders.

Jupiter Research, established in 1986, specializes in Internet--related market research in 17 business areas and nine vertical markets. INT Media said the acquired events and seminars are "well known for attracting industry leaders and professional attendees." INT Media chairman Alan Meckler said the acquired assets will be integrated into the company's network of 175 e-mail newsletters and 45 annual seminars and trade shows.

In April, JMM sold its AdRelevance (Seattle, WA) online advertising expenditure measurement division to NetRatings (Milpitas, CA) for $8.5 million. That deal followed Net-Rating's February termination of its proposed purchase of all of JMM after the FTC said it would challenge the acquisition. At that time, JMM said it was considering all options and that it was running out of cash.

INT Media had 2001 revenues of $44 million, a 15.6% decrease from the $52.1 million reported in 2000. The company had a net loss of $8.5 million in 2001 compared to a net gain of $3.3 million in 2000.